The Knicks appeared to have a see-saw Game 3 won when Dave DeBusschere made a shot with three seconds left to give New York a 102-100 edge, and the Lakers were stuck with no time outs. L.A. inbounded to Mr. Clutch, Jerry West, who launched and made a miracle shot from beyond midcourt. It counted only for two points, as only the ABA had a three-point shot at the time, so the game went to overtime, and the Knicks were able to win, 111-108.[2]

The final game of the series was named by ESPN in 2010 as the greatest Game 7 in finals history, featuring a return from injury for Willis Reed.[3] Reed's most famous performance took place on May 8, 1970 in Game 7 played at Madison Square Garden. Due to a severe thigh injury suffered in Game 5, a torn muscle that kept him out of Game 6, he was considered unlikely to play in Game 7. Yet Reed surprised the fans by walking onto the court during warmups, prompting widespread applause. Starting the game, he scored the Knicks' first two field goals on his first two shot attempts, his only points of the game.[2] He then played defense on Wilt Chamberlain, limiting him to two shots made in nine attempts. When Reed left for good with 3:05 left in the first half, the Knicks led 61-37.[4]Walt "Clyde" Frazier took it from there, finishing with 36 points and 19 assists as the Knicks won the championship, 113-99. Following the game in the winner's locker room, a moved Howard Cosell told Reed on national television, "You exemplify the very best that the human spirit can offer."[2]

The 1970 NBA Finals were the first to be nationally televised in full, with ABC providing the coverage. Chris Schenkel was the play-by-play man, with Jack Twyman serving as the color analyst.

Incredibly, the Knicks' victory in Game 7 was not seen live on broadcast TV in New York; ABC's coverage was blacked out on WABC-TV, causing a raft of angry fans to deluge the WABC switchboard. Schenkel made an announcement during the broadcast that the game would be aired in New York at 11:30 p.m. that night. The game was shown live on the MSG Network in New York City, which was then only available in about 25,000 cable households in Manhattan.